Wednesday, April 4, 2012

wedn thoughts

506
Silver futures are already trading higher afterhours here, up 1% from its close

500
something to watch: ES 1390ish is a berakout higher point. On the daily ES, it has now been tested 3 times 3/21.. 3/29/ and today april 4.  often support will break lower after multiple attemps like this.  Of coure, it has also been testing resistance in the 1415 area, so it could break higher. However, bulls should at least be concerned that it is testing the breakout support level SO SOON after the break higher occurred, it would be more bullish if the ES broke resist higher on 3/21, sailed higher and continued to move upward instead of sideways, like it did on Jan. 3.

415
 initial gap analysis suggests a poss gap down in spx spy tomorrow,,,,but needs more analysis,,,, some individ stocks are suggesting gap downs,,,, may or may not do further analyis on it
, not saying the analysis says gap down,,,needs further ananlysis,,,some aspects suggest gap down

402
stll short ANN  ABT ... long  TLT  ACQ silver XPP FXI china

359
out of half ERY, was not stopped out but wanted to exit half,,,didnt get out at the high of day but took 7% gain,,,holding the TLT longe as it was not stopped out

350
ERY,if not stopped out, will still take some off b4 the close

347
if aapl closes near here, it has the 3 day bear eve star candle patten mentioned yest, that could form today. it STILL needs confirmation, but its a warning of poss weakness in AAPL,,, tho it would have been a better bear setup with a bigger gap down today

337
watching to see if ES moves lower between now and 4:15pm, then 8pm

328
79% but the signal appears not working today LOL,,,still could push lower suddenly

323
ES is now on 78% sell into close,,,,tho its not doing anythign

309
76% sell on ES now, not sure if it will do anything or not, es 1394

250
ES looks good here on 3min charts, but daily still bearish, still in resist zone, watching action as we enter the higher volume time of day now, so imo still bearish until the resist cracks higher

240
looks like it wants over 3665 fxi, to fill gap

237
china FXI here, or 2x XPP, could work for longs instead of spy sso, swing
,. took early entry starter position in it

223
tomorrow might present an opp to buy VHC long, waiting to give the 60min chart more time
,,warning: VHC may be volatile and wild, requires wider stops and fewer shares, has boll band hi low range of 8% on 60 min, and about 8% on the daily, tho the daily range has narrowed recently from whoipping 28% range

216
74% sell short scalp signal on ES just rang fwiw, 1392.50

214
ES intraday is now at 15min mid boll band resist, and near horizontal 15min candle highs resist

155
if SLV can close over 3100 today, it may have bottomed today, and may gap higher tomorrow,,,ideas only, all unconfirmed

151
for IWM russle,, imo lotss of Resist at IWN 8180,,,8200,,8250
, under 8180--8200 resist zone v bearish, tho 8250 allowed
,to 8330 higher trgt if resist broke, tho imo still better to short rally and not trade this rally long
,the first bounce on the 15min chart is usually sold, when the daily and 60min charts look like this


134
raised hard stop on half ERY higher tighter to 996 from 983ish, other half looser stop

131
ERY 1030, 1033 interim targets swing, last 1022,, ERY is 3x bear energy, "flash move" hard stops on ERY same, still have higher mental stops on it

111
relatively high intraday vol move up on ERY here, watching reaction, high vol but not too high as to suggest exhaustion

1255
interesting that china fxi is not higher today, given recent news

1248
my TLT is still underwater 1% now, because i did NOT add to it yesterday at lower prices, instead elected a wider stop and more time

1247
over 111.80 TLT bulllish intraday, keeping stop at the same lower price for now, but 111.80 is additional mental stop now

1239
74% on ANN now, for support break lower

1236
TLT moving up, watching if sustains,,,es and spx may react to it also lower

1235
ANN needs to bounce here, or risk another 2% drop, already down 2% today

1223
 for multiday weeks holds,the DAILY spx chart imo now says "short rallies" for swings, not buy dips,

1218
1395--1401 ES resist area, under that bearis imo, last 1393

1213
ANN is now testing that 2832 impt support area again, after a weak bounce,,,this time it might break support lower, 62% confid on the break, needs 78--85% to be realiable

1209
983 hard emergency stop on ERY from 940, last 1012, mental stops at 9.98

12032
slv may want 3020 lower b4 higher, would not wreck the long setup imo

1138
SLV,,watching to see if test 3075 and stall
,if it tests 3075 and holds over 3050, likely fill the gap
,but there is double resist at 3070 on slv 60min chart---see it
,thurs 10am low, and this mornings high, all near that resist zone

1131
 ERY close to swing trgt 2, with swing trgt 3 higher, tightening stops on half makes sense, to protect 9% gain
,still see 1040/1060 later

1125
 last 111.52

1123
Still have same stop on TLT from 9:38 AM, Stop on TLT at 111.37 for 1.3% loss if stopped, it hit very close at 111.43,,,keeping it tight for now, can always buy back

1116
ANN is down 2% today but is testing support, may stall here,,needs to break this support for lower, a break here below 2820 would sugest 2760 next lower trgt

1114
slv should at least come back to this price, even if lower first, so imo low risk early entry

1108
silver looks good imo, AGQ here, starter swing positino long, 51.06
this reentry on slv agq is starter position, i'll scalp half of it and swing other half

948
they are all still shortable imo at current prices

947
ANN  SJM  ABT charts all show a possible move lower in 1-3 days, if current velocity on timing analysis holds or increases

944
looking for slv long again swing, but will wait 2 hours or more

943
if one went short yest at zsl silver, 6% profit here would make sense to take the $ and run,,,sadly i didnt enter it

939
last tlt 111.7,,,see higher tlt but if it move to stop will take loss and reenter later maybe

938
Stop on ERY at 9.83 for 6%ish gain if stopped, last higher at 10.02
Stop on TLT at 111.37 for 1.3% loss if stopped

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".

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